Skip to content

Market Monitor: Aerospace & Defense

Read Market Monitor

Download PDF

Aerospace & Defense Market Outlook

M&A Activity Poised for Record-Breaking Year

North American Aerospace & Defense M&A activity continues to accelerate, with 126 announced or completed transactions through October 2026. At the current pace, transaction volume is expected to surpass the previous high-water mark of 146 transactions achieved in 2024 and exceed 2025 activity by approximately 20%.

Key Market Trends Driving the Industry
  • Record defense spending is fueling investment activity across the defense industrial base.
  • Strategic acquirers are pursuing inorganic growth to expand capacity, strengthen customer relationships, and secure mission-critical capabilities.
  • Private equity sponsors remain highly active, utilizing platform investments and add-on acquisitions to build scaled aerospace and defense businesses.
  • Competition for high-quality assets remains intense, supporting strong valuation environments across attractive subsectors.
How Hexagon Can Help?

Hexagon’s M&A team has experience in the outdoor & recreation sectors. We help businesses:

  • Prepare for Sale: Position your company to attract the right buyers.
  • Raise Capital: Assist with capital-raising efforts.
  • Market Insights: Provide up-to-date M&A market trends.

For more information or questions, please contact our contributors:

Rich Anderson, Managing Director: randerson@hexagoncapitalalliance.com

Andrew Suen, Managing Director: asuen@hexagoncapitalalliance.com

Brennan Anderson, Vice President: banderson@hexagoncapitalalliance.com

Harrison Heaton, Analyst: hheaton@hexagoncapitalalliance.com